AMP’s life earnings down 12%
23 August 2010
AMP’s life insurance business saw earnings fall 12% to $73 million for the six months ending June 30…
Life Insurance
FOS offers ‘eLearning’ courses
23 August 2010
The Financial Ombudsman Service has introduced a series of free “eLearning” tools to promote members’ understanding of its dispute resolution processes…
FSC moves to boost consumer confidence
16 August 2010
The Financial Services Council has launched a “trustmark” to help consumers identify quality financial products and services…
Group insurance growing fast
16 August 2010
The group life insurance market will grow between 60% to 100% during the next five years, says MLC Insurance Executive GM Andrew Hagger…
Underinsurance market valued at $1.37 trillion
16 August 2010
Underinsurance in the life insurance market is now estimated to be $1.37 trillion, according to Metlife CEO Marc Lieberman…
AIA picks up former Aviva CEO
16 August 2010
Former Aviva Australia CEO Allan Griffiths has joined the AIA Australian board as a director…
FSC turns to bloggers for insurance campaign
16 August 2010
Financial Services Council has launched a social media campaign highlighting the risks of underinsurance in life products…
Commissions just one of the main issues
09 August 2010
The Association of Financial Advisers will continue to push the Federal Government to focus on both commissions and the lack of insurance cover…
Competition pushes group risk prices down
09 August 2010
The price of group life insurance has continued to fall during the past 12 months, according to actuaries Rice Warner…
ANZ announces new wealth and insurance brand
09 August 2010
Banking giant ANZ has unveiled a new brand for its life insurance and specialist funds business, adopting the name OnePath to replace ING in Australia and NZ…
Axa half-year net profit falls 19%
09 August 2010
Axa Asia Pacific Holdings continues to experience growth in its local financial protection portfolio despite the business recording a 19% drop in half-year net profit of $219.2 million…
Life industry ‘needs to keep talking’
09 August 2010
The life insurance industry needs to talk to government about more than just commission payments, says AIA’s Head of Distribution Damien Mu…
Tower Australia premiums grows 10%
02 August 2010
Life insurer Tower Australia has recorded a 10% increase in inforce premium for the June quarter due to strong growth in its group risk portfolio…
Strong demand for financial planners
02 August 2010
Demand for financial planners is on the rise, with a 62% increase in job ad numbers recorded in the past year, according to recruitment company eJobs…
Expanded role for Zurich CEO
02 August 2010
Zurich’s Global Life Asia-Pacific CEO Dan Bardin will now take on responsibility for the Middle East…
Axa profit falls 19%
26 July 2010
Axa Asia Pacific Holdings is set to record a 19% fall in half-year net profit after announcing an unaudited net profit of approximately $220 million last week…
Life premiums on the rise
26 July 2010
Life insurance premium inflows for the 12 months ending March were up 10.8% to $8.4 billion, according to research house Plan For Life…
IFSA becomes Financial Services Council
26 July 2010
The former Investment and Financial Services Association has ratified the organisation’s name change and expanded mandate to become the Financial Services Council…
Negative rating maintained on AIA
26 July 2010
Research house Moody’s is maintaining its Aa3 rating (negative outlook) on AIA despite the appointment of a new CEO…
Life buying habits revealed
26 July 2010
Maintaining lifestyle was the most common reason why people buy income protection insurance, a new survey has found…